Emini and Forex Trading Update:Wednesday December 11, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini pulled back this week from last week’s test of the all-time high of 2 weeks ago. Yesterday is a High 1 bull flag buy signal bar for today. The bulls expect higher […]
Emini deciding between double top and yearly close on high
Emini and Forex Trading Update:Tuesday December 10, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini again tested the high from 2 weeks ago yesterday and it reversed down. The bears are hoping that Friday will form a double top with that high. Today is a sell signal […]
Emini bulls want close of year at new high
Emini and Forex Trading Update:Monday December 9, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off 85 points and reversed back up last week. I said throughout November that a 50 – 100 point pullback was likely, and last week probably was it. The bulls want […]
Emini minor reversal down in 9 week bull micro channel
Market Overview: Weekend Market Update The S&P Emini rallied strongly from a 2 day bear trap. The bears now want a double top, but sideways to up is more likely. Bond futures are drifting down from a buy climax. They will probably be sideways to down for many months. The EURUSD Forex market is in […]
Emini testing last week’s low after 9 week micro channel
Emini and Forex Trading Update:Friday December 6, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down strongly yesterday from above Wednesday’s high. However, the bears were unable to break below Wednesday’s low to create an outside down day. Instead, the bulls got a reversal up and […]
Emini one day island bottom and possible December bear trap
Emini and Forex Trading Update:Thursday December 5, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday and formed a 1 day island bottom. Last week was a bull bar on the weekly chart and therefore a bad sell signal bar. Some bulls theoretically bought below […]
Emini strong break below October-November bull channel
Emini and Forex Trading Update:Wednesday December 4, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday opened with a big gap down and sold off on the open. It then rallied in a broad bull channel for the rest of the day. Yesterday is buy signal bar for today […]
Emini broke below the October-November bull trend line
Emini and Forex Trading Update:Tuesday December 3, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday on the open. It formed a big bear bar on the daily chart. Even though there was a tail below, it broke below the 2 month bull trend line. […]
Emini possibly starting a 2 week pullback from November high
Emini and Forex Trading Update:Monday December 2, 2019 I will update again at the end of the day. Pre-Open market analysis Friday closed early, but it closed below the open and the midpoint of the range. It was a bear bar on the daily chart and a reversal down from the top of the 2 […]
Emini buy climax testing tops of several bull channels at yearend
Market Overview: Weekend Market Update The S&P Emini is breaking above the top of the weekly bull channel and it is near the top of the monthly bull channel. Since the daily and weekly charts are overbought, there will probably be a brief pullback within a couple weeks. The monthly bond chart is forming a […]
